But this is all a threat on paper, not reality. Just like keeping the US Fleet in Hawaii was a paper threat since the Navy did not have the ability to do more then a few raids on outlying Japanese islands due to a lack of support ships, troops and material.
In reality the Philippines could not defend itself let alone cut off Japan’s trade
Guam was undefended and it would take at least a year to build up anything
Wake was defended but was so small that it was vulnerable to bombing raids since any bomb that hit the island was probably going to hit something of value.
The rest of the US held islands were even weaker.
And if Japan takes the Dutch and British held islands it surrounds the Philippines, Guam, Wake making it very difficult for the US to supply these places. Even before the War the US had shifted its supply route to the Philippines south to avoid Japanese held islands but with the Japanese in control that route is cut off. Is the US going to continue to send vulnerable convoys to put more US troops into areas surrounded by the Japanese?
The Japanese were reacting to an unreal US capability to interfere with their plans. Yes the US was a danger but that danger was probably at least a year away. Better to take out two weak threats, Dutch and British and get the oil they needed and see what the US reaction would be. No matter what the Japanese have their six months of freedom since the US has little to stop them with.
Paper threats are still threats, especially when you potential opponent can turn them from paper to real in a blink of an eye.
The so-called Pensacola Convoy (named after the lead escort vessel
USS Pensacola CA-24) was in fact only days away from the PI when the war started. Iy would have delivered 52 A-24 dive bombers (with turned out to be in poor condition when finally uncrated in Australia), 18 P-40s, 20 75mm guns, 2,000 500 pound bombs, half a million rounds of .50 cal, and an additional National Guard brigade. This was just the tip of the iceberg, several more divisions of U.S. regular or fully trained and equipped NG formations were slated for movement to the islands, along with major shipments of fighter and bombers.
Wake was about two months from becoming a fully functional B-17 staging facility (complete with storage tanks for 250,000 gallon of fuel), Midway was being reinforced, the USN had established a Patrol Wing on Johnson Island, base and defensive improvements in American Samoa, Guam, and other points across the Pacific and Alaska had all been approved by Congress. What the Japanese realized was that, inside of two years, the U.S. Navy would be so powerful as to be invincible (as I frequently mention here, the capital ships and carriers that utterly destroyed Japan were all approved in the 1940 Navy Act).
Once the U.S. decided that it wanted to defend Luzon, Wake, Guam and any other position it had the money, manpower and construction/production capacity to do it. The Japanese understood this very well. The impact of the 1940 Two Ocean Navy Act, with its 18 fleet carrier, two more
Iowa class BB, FIVE
Montana class BB, Six
Alaska class (yes, SIX of the %^$#% things) 27 cruisers, 115 destroyers,
15,000 aircraft and $50 million for "patrol and escort vessels", all approved in ONE Bill, that passed with virtually no opposition (vote in the House was 316-0, after less than an hour of debate) on the Japanese can not be overstated. The Navy had requested $4 billion, Congress voted $8 billion (the Fall of France had somewhat focused the Hill on military matters). As a comparison Japanese TOTAL military budget, which by 1938 was consuming 70%+ of the entire Japanese Government Budget, for 1938-40 inclusive, was ~19.7 billion yen, or less than $4.8 billion 1940 dollars.
The Two Ocean Navy Act, by itself, represented more than THREE YEARS of Japan's total Budget, and it was only the 1940 allocation. That doesn't even consider the huge increase for USAAF aircraft and the belated massive increase in spending for ground forces.
Japan had to 1. respect that sort of capability & 2. act before it was utterly outclassed. This is exactly what they did, attacking within days of when
Zuikaku, finished her builder's trials, giving the
Kido Butai the six fleet carriers that the Japanese planners had decided was the minimum needed to make the Pearl Harbor Raid.
Tokyo's window was incredibly narrow and they struck before it closed.